Trading activity is expected to remain slow till mid-August, when mills reopen.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar) domestic, delivered Northern Europe was €575-605 ($636-670) per tonne on Wednesday, stable week-on-week.
Trading activity remained minimal in the northern European rebar market in the week to Wednesday, with most producers having closed for the summer holidays.
“There is ongoing low demand,” a trader source from Germany said. “Everyone is in holiday mode.”
Meanwhile, the corresponding Fastmarkets’ weekly price assessment for steel wire rod (mesh quality) domestic, delivered Northern Europe was €570-610 per tonne on Wednesday, unchanged week-on-week.
Demand and prices remained unchanged in the northern European wire rod market.
Published by: India-Inés Levy
